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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: big run who wrote (4818)2/29/2000 10:13:00 PM
From: Street Hawk  Read Replies (2) | Respond to of 19428
 
The game has changed.

There has never been a market like this before. Nothing this manic. I admit that's what's been happening, the so-called wildebeests have turned to pigs, and there haven't been enough predators like us to eat them, thus they feed they're way to getting prices higher by buying and buying. Loads and loads of junky small-caps have rocketed with company propaganda and the latest flavor of tech fever.

However, I think the speculation can only go so high before things get out of hand and reality sets in. There are tons of pigs out there who expect their tech mutual funds to go up over 50% every year.

In the short term, I'm waiting for the Nasdaq to hit 5000 before I start getting bold. I think at this pace, we will hit that milestone at the beginning of April. Once that's done, I assume the pigs will be too fat to run away from me at that level so it should be easier to eat them.